Pallas Capital Advisors LLC Has $14.31 Million Position in Procter & Gamble Company (The) $PG

Pallas Capital Advisors LLC cut its position in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 99,853 shares of the company’s stock after selling 3,749 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Procter & Gamble were worth $14,310,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elevatus Welath Management boosted its position in Procter & Gamble by 5.3% during the 4th quarter. Elevatus Welath Management now owns 2,262 shares of the company’s stock worth $324,000 after acquiring an additional 113 shares during the last quarter. Wolff Wiese Magana LLC grew its stake in shares of Procter & Gamble by 1.1% during the 4th quarter. Wolff Wiese Magana LLC now owns 8,228 shares of the company’s stock worth $1,179,000 after acquiring an additional 92 shares in the last quarter. KMG Fiduciary Partners LLC raised its holdings in shares of Procter & Gamble by 0.3% in the fourth quarter. KMG Fiduciary Partners LLC now owns 85,756 shares of the company’s stock valued at $12,290,000 after purchasing an additional 263 shares during the last quarter. Emergent Wealth Advisors LLC bought a new stake in shares of Procter & Gamble in the fourth quarter worth $271,000. Finally, Accurate Wealth Management LLC boosted its holdings in Procter & Gamble by 6.8% during the fourth quarter. Accurate Wealth Management LLC now owns 88,712 shares of the company’s stock worth $12,586,000 after purchasing an additional 5,631 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 95,903 shares of Procter & Gamble stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the completion of the transaction, the insider directly owned 182,607 shares of the company’s stock, valued at $27,601,048.05. The trade was a 34.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 12,827 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $160.31, for a total transaction of $2,056,296.37. Following the completion of the transaction, the insider owned 12,639 shares in the company, valued at approximately $2,026,158.09. This represents a 50.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 348,618 shares of company stock worth $55,462,643 in the last three months. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. UBS Group raised their price objective on Procter & Gamble from $161.00 to $170.00 and gave the company a “buy” rating in a report on Friday, January 23rd. TD Cowen downgraded Procter & Gamble from a “buy” rating to a “hold” rating and lifted their target price for the company from $150.00 to $156.00 in a research report on Tuesday, January 27th. Rothschild & Co Redburn increased their price target on Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Finally, Dbs Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $168.33.

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Procter & Gamble Stock Performance

Shares of PG opened at $142.76 on Friday. The company has a market cap of $331.78 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 4.76 and a beta of 0.37. The firm has a 50-day moving average of $153.93 and a 200-day moving average of $150.19. Procter & Gamble Company has a one year low of $137.62 and a one year high of $174.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51.

Procter & Gamble (NYSE:PGGet Free Report) last issued its earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The business had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. During the same period last year, the business posted $1.88 EPS. Procter & Gamble’s revenue was up 1.5% on a year-over-year basis. As a group, equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s payout ratio is currently 62.67%.

Procter & Gamble Profile

(Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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